Buisness aviation news
The 3% drop in flight activity during 2023 compared to 2022 was in line with expectations, representing the market reset which followed the frothy demand during the pandemic era. Demand has petered out in Europe, where the Ukraine war has compounded the effects of economic stagnation. In the US, 17% growth in bizjet traffic since 2019 represents 4% compound annual growth rate, not spectacular but much stronger than the anemic growth in bizjet demand in the previous decade.
December appears to be a blip in the steady trend of the last few months, with flight activity growth compared to 2019 diminishing substantially. In fact Europe is now clearly trending below 2019 levels. In the Middle East and Asia, the latest week has seen very large drops in bizjet demand. In the US, the key hub, Florida, saw bizjet flights fall 7% compared to December last year.
Global bizjet activity is now flat over the last 4 weeks compared to last year, falling behind the Covid surge in 2021, comfortably ahead of 2019. Bizjet demand in Europe is weakening towards 2019 trend. Middle East is weaker, with 15% drop YOY in the latest week, although notably the COP conference drew a spike in bizjet arrivals. The US is still relatively strong, especially for the largest operators.
Once the holiday fluctuations are accounted for, November was a flat month for business jet activity, though fractional flying is still at record pace, particularly in large cabin flying, with Florida and Texas the bizjet hubs in the US. In Europe, November saw a slump in demand, with the full month seeing lower activity in France and Germany than back in November 2019.
Thanksgiving holidays in the US were ahead of the 2019 holiday, also sustaining a pickup in November vs November last year. European bizjet traffic was flat compared to 2019, some 7% off the comparative traffic in 2019. As in Europe, both Asia and Middle East are seeing activity soften this November compared to last year.
WINGX's weekly Business Aviation Bulletin for 23th November, 2023
The General Aviation Manufacturers Association (GAMA) published the Third Quarter 2023 General Aviation Aircraft Shipment and Billing Report. The general aviation aircraft manufacturing industry’s results for the first nine months of 2023, when compared to the same period in 2022, show increased aircraft deliveries across all segments along with an increase in the overall value of the aircraft shipments.
WINGX's weekly Business Aviation Bulletin for 16th November, 2023
WINGX's weekly Business Aviation Bulletin for 9th November, 2023
The Aircraft Electronics Association released its third-quarter 2023 Avionics Market Report. In the first nine months of the year, total worldwide business and general aviation avionics sales amounted to $2,415,800,131.52, or more than $2.4 billion as reported by the participating companies.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
The Third Quarter 2023 Market Report released by the International Aircraft Dealers Association (IADA) predicts a significantly larger market going forward. The report includes hard sales data in addition to the perspectives of IADA’s global members, who know the industry well.
WINGX’s weekly Business Aviation Bulletin.
Honeywell's 32nd annual Global Business Aviation Outlook forecasts up to 8,500 new business jet deliveries worth $278 billion from 2024 to 2033, in line with the same 10-year forecast a year ago. This
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
The summer peak may be about to fade from memory, but the demand trends we’ve seen are still a hot topic. And as we gear up for the fall, Harry Clarke, Head of Insights and Analytics, Avinode, shares interesting sourcing patterns and trends related to upcoming events across the USA, Europe and the rest of the world.
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.